PepsiCo Inc. beat analysts’ expectations for revenue and profit in the fourth quarter on Thursday thanks in part to price increases the beverage company implemented to deal with rising costs. The company also increased its annualized dividend by 10% to $5.06 per share, which caused a 1.3% increase in the stock price in premarket trading.…
Disney’s fiscal first-quarter earnings report featured a beat on the top and bottom lines as well as smaller subscriber losses. While the company’s direct-to-consumer and linear TV businesses struggled during the period, its theme parks experienced significant year-over-year growth. The outcomes are as follows, with comparisons to projections from Refinitiv and StreetAccount: According to a…
On March 1, at the company’s first investor day, Tesla Inc. CEO Elon Musk will present the third component of the electric vehicle (EV) manufacturer’s “Master Plan.” The billionaire outlined his plans for the electric car manufacturer in 2006 and 2016, but many of the goals have yet to be met. “Master Plan 3, the…
Meituan, a Chinese food delivery company, announced on Wednesday that it would be hiring 10,000 people in the first quarter of this year. This news caused the company’s shares to drop more than 6%. Meituan is hiring in dozens of cities, including Beijing and Shanghai, in a variety of different business areas, such as technology…
As gas prices increased and the fourth quarter’s results exceeded expectations, Equinor on Wednesday announced a record $74.9 billion adjusted operating profit for 2022, more than doubling its previous high. This news helped to increase the company’s stock price by 7%. The adjusted earnings before tax and interest for the Norwegian oil and gas producer…
What happened to the world’s longest happ Officials said on Monday that Britain is pushing ahead with work on a potential digital pound that could be in use by the second half of this decade and help prevent the fragmentation of an electronic cash system dominated by tech or banking behemoths. As part of a…
Amazon.com Inc, the online retailer that has long been feared of disrupting the grocery industry, believes it has fallen short. Chief Executive Andy Jassy said on Thursday, in a rare appearance on the company’s quarterly results call, that the company has paused expansion of its Fresh supermarkets and cashier-less convenience stores until it finds the…
Meta Platforms Inc stocks closed about 23% higher on Thursday, sparking a rally in the technology sector after Facebook owner Mark Zuckerberg stunned Wall Street by lowering its spending forecast and increasing its stock buyback plan by $40 billion. The company’s market value increased by more than $90 billion, and the stock had its best…
Tesla Inc suppliers are gearing up for more price cuts from Chief Executive Elon Musk and his team after the electric car maker cut down on prices of its vehicles aggressively in a slowing economy, according to industry officials who work with the automaker and its suppliers. Last month’s comments by Tesla Chief Financial Officer Zach Kirkhorn…
The stricter cost controls implemented by Meta Platforms Inc this year, as well as a new $40 billion share buyback, sent shares soaring on Wednesday, as CEO Mark Zuckerberg declared 2023 the “Year of Efficiency.” The parent company of Instagram and Facebook, which has struggled amid a broad post-pandemic slump in digital ads, is focusing…
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